law

The auction rate securities lawsuit bonanza is the gift that keeps giving for litigation attorneys. Bank Of America is the latest bank to be caught up in this dance. Bank of America Corp., the largest U.S. commercial bank, said Thursday…

Remember how the impartial accountancies lost their way during the tech bubble? The most egregious case was Arthur Andersen's wrongdoings at Enron, which eventually bankrupted both Enron and Arthur Anderson. Well in this particular crisis…

The lawsuits are piling up. America is a very litigious country and when things go wrong people sue. That's one reason one should realistically expect the courts to be clogged with all manner of suits on bond insurance, auction rate…

America's security concerns due to terrorism are having unwanted side effects in relations with the EU. Handelsblatt, the German newspaper is reporting that visa requirements for some EU citizens is causing the EU to retaliate with visa…

As the downturn gathers steam, lawsuits against financial firms are going to rise. Below is the latest in lawsuits. The associated WSJ article is available only to subscribers.New York state Attorney General Andrew Cuomo is preparing to…

Obama in his move to the center is increasingly alienating social Liberals/fiscal Conservatives like myself. He is either pandering to social conservatives or he actually believesthis stuff or both. The latest move that demonstrates his…

I said last week that people were in the mood to get some of the dastardly perpetrators of this housing fiasco. Washington and law enforcement officials around the U.S. are listening to the anger of their constituents and acting by going…

When lenders violate the U.S. federal lending disclosure laws, they may get stuck with the loan losses. This is the case now being argued before the courts in Wisconsin, with major implications on the number of cases to be filed and the…

From the Wall Street Journal: Florida Sues CountrywideThe Florida attorney general has filed a lawsuit against Countrywide Financial Corp. and its chief executive, Angelo Mozilo, alleging that the company engaged in deceptive and unfair…

I caught a blog entry on naked capitalism that reminds me of the impending wave of lawsuits associated with the credit crunch. It seems that investment banks were peddling auction rate securities to retail investors while warning the…